Habitat For Humanity International Inc
- Assets
- $1.1m
- Revenue
- $281.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Petersburg, VA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 54-1662947
Organization Overview
Habitat For Humanity International Inc is located in Petersburg, VA. The organization was established in 1987. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Habitat For Humanity International Inc employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Habitat For Humanity International Inc generated $281.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.4%) each year. All expenses for the organization totaled $184.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRI-CITIES HABITAT IS DEDICATED TO OUR MISSION OF PROVIDING SAFE, QUALITY HOMES TO LOWER INCOME FAMILIES. TO QUALIFY, FAMILY PARTNERS ARE REQUIRED TO COMPLETE EDUCATIONAL COURSES, BOTH PRE AND POST-PURCHASE, AS WELL AS VOLUNTEER SERVICE FOR HOMEOWNERSHIP. FOR THEIR HARD WORK AND EFFORTS, FAMILY PARTNERS ARE REWARDED WITH A ZERO-INTEREST MORTGAGE LOAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO ELIMINATE SUBSTANDARD HOUSING, PROVIDINGSAFE, QUALITY HOMES FOR LOW-INCOME FAMILIES. WE ADMINISTERPRE AND POST-PURCHASE EDUCATION. AFFORDABILITY IS OBTAINEDBY UTILIZING GRANTS, MONETARY AND MATERIAL DONATIONS, ANDZERO-INTEREST MORTGAGES. QUALIFIED FAMILIES AGREE TO 400HOURS OF SWEAT-EQUITY, WORKING ALONGSIDE SKILLED LABOR ANDVOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin White Director | Trustee | 1 | $0 |
Robert Hodge Director | Trustee | 1 | $0 |
David Roane President | OfficerTrustee | 1 | $0 |
Warren Stirrup Vice President | OfficerTrustee | 1 | $0 |
Donna Roberts Secretary | OfficerTrustee | 1 | $0 |
Terry Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,320 |
| Noncash contributions included in lines 1a–1f | $43,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,320 |
| Total Program Service Revenue | $17,623 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $168,435 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,024 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,751 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,760 |
| Advertising and promotion | $0 |
| Office expenses | $10,709 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,644 |
| Insurance | $12,407 |
| All other expenses | $0 |
| Total functional expenses | $183,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $321,849 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $946 |
| Net Land, buildings, and equipment | $5,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $553,825 |
| Total assets | $1,141,614 |
| Accounts payable and accrued expenses | $9,863 |
| Grants payable | $0 |
| Deferred revenue | $98,955 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $133,694 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $242,512 |
| Net assets without donor restrictions | $869,102 |
| Net assets with donor restrictions | $30,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,141,614 |